Renewables aren’t just about the climate — they’re also less volatile in terms of cost, unlimited in supply and widely available.
Rather than feel good initiatives, we should look to technological innovation to help address both climate change and energy security. Carbon capture, utilization and storage holds the potential to help solve both critical needs.
In the face of unprecedented global challenges, big companies need to adopt the mindset of startups — from collaboration to comprehensive problem solving.
As Thomas Edison said, “I find out what the world needs. Then I proceed to invent it.” Over 130 years after Edison established GE, invention with practical application remains at the core of everything we do.
Pressure is increasing on the energy sector to tap into the “global brain.”
Innovation in energy storage, smart grids and mini-grids hold the potential of improving access to power for billions of people around the world.
With OPEC defending its oil market share, the U.S. should lock in the advantages of a healthy natural gas sector. Piloting corridors for LNG-fueled trucking would be a promising start.
GEreports: What makes some countries better at uptake of renewables than others?
Peter: Typically, without a carbon price renewables are more expensive than fossil fuels, and therefore they need policy support.